VR Logo

4 star

Kotak Credit Risk Fund - Direct Plan


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.06 0.11 0.17 0.44 4.73 2.10 8.10 7.69 8.94 9.58 --
CCIL T Bill Liquidity Weight 2.20 -0.03 0.05 0.13 0.64 1.77 3.58 4.06 4.26 4.76 --
Debt: Credit Risk -1.71 0.05 0.05 0.57 3.55 -2.76 -0.12 1.81 4.64 7.06 --
Rank within category 11 2 2 9 6 11 7 3 3 2 --
Number of funds in category 19 19 19 19 19 19 19 17 15 6 0

As on 10-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.10 7.69 8.94 0.76 1,949
ICICI Prudential Credit Risk Fund - Direct Plan  | Invest Now
5 star
Jan-13 10.67 8.72 9.21 0.96 6,556
HDFC Credit Risk Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 9.83 7.73 9.05 1.13 6,258
SBI Credit Risk Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.00 7.32 8.54 0.91 3,848
IDFC Credit Risk Fund - Direct Plan
5 star
Mar-17 8.09 7.44 -- 0.66 836

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.61 (24-Mar-2020 - 31-Mar-2020) -2.13 (22-Apr-2020 - 29-Apr-2020)
Month 3.07 (10-Jun-2020 - 10-Jul-2020) -3.50 (25-Feb-2020 - 26-Mar-2020)
Quarter 5.26 (29-Apr-2020 - 29-Jul-2020) -2.95 (20-May-2013 - 19-Aug-2013)
Year 13.59 (24-Nov-2015 - 24-Nov-2016) 5.48 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.51 2.71 0.84 0.84 -2.10 -0.21
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Credit Risk 2.22 6.74 0.01 0.18 -3.33 -6.96
Rank within category 3 5 5 5 8 6
Number of funds in category 18 18 18 18 18 18

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 91 46 27
Modified Duration (yrs) -- 2.33 1.80 1.69
Average Maturity (yrs) 3.39 3.39 2.39 2.37
Yield to Maturity (%) -- 11.16 8.49 9.28

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 3.71 - 9.56 9.56
equal 10.90% Punjab & Sind Bank 31/12/2099 Bonds A- 0.00 - 7.12 7.12
down 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 3.05 - 5.60 5.35
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.03 - 5.16 5.16
equal 8.70% Future Lifestyle Fashion 2022 Bonds/Debentures A+ 0.00 - 5.06 5.06
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 1.76 - 4.78 4.78
down 10.99% Union Bank of India 31/08/2050 Bonds A+ 0.00 - 6.97 4.62
equal 8.55% L&T Infrastructre Finance 29/11/2022 Non Convertible Debenture AAA 0.00 - 4.18 4.18
equal Bahadur Chand Investments 2024 Zero Coupon Bonds AA 0.00 - 3.87 3.87
equal 9.20% Union Bank of India Bonds/Debentures A+ 0.00 - 3.38 3.38
equal 9.05% Reliance Industries 17/10/2028 Debenture AAA 0.00 - 2.96 2.96
new 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 0.00 - 2.77 2.77
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 2.60 2.60
down 8.85% Power Finance Corp. 25/05/2029 Bonds/NCDs AAA 0.00 - 6.35 2.59
new 7.50% Godrej Properties 31/07/2023 Zero Coupon Bonds AA 0.00 - 2.56 2.56
new 6.12% Karnataka State 22/07/2027 State Development Loan SOV 0.00 - 2.56 2.56
equal 8.25% Vizag General Cargo Berth 30/09/2020 Structured Obligation AA 0.95 - 2.55 2.55
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 1.52 - 2.80 2.26
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 0.80 - 2.19 2.19
new 6.57% Gujarat State 2029 State Development Loan SOV 0.00 - 1.56 1.56
down 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 1.37 - 3.06 1.50
equal 8.30% REC 25/06/2029 Non Convertible Debenture AAA 0.50 - 1.40 1.40
new 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.09 1.36
new 6.87% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 1.33 1.33
equal 6.57% National Bank Agr. Rur. Devp 2027 Debenture AAA 0.00 - 1.33 1.33

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2020

Fund Manager

— Deepak Agrawal since 01-Jan-2013

Education: Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA.

Experience: He has been associated with Kotak AMC since 2000.

Funds Managed:


0.11%

Change from previous, NAV as on 10-Aug-2020

Growth: ₹ 24.0984

Dividend Yearly: ₹ 18.1002

More

Dividend Weekly: ₹ 10.4483

Dividend Quarterly: ₹ 10.4110

Dividend Monthly: ₹ 10.5738


Investment Strategy

The scheme seeks to generate income by investing in debt /and money market securities across the yield curve and predominantly in AA rated and below corporate securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 6% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.26%
Benchmark: NIFTY Credit Risk Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,949 Cr (As on 31-Jul-2020)
Expense: 0.76% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly04-Aug-20200.0223

 28-Jul-20200.0118
 21-Jul-20200.0015
 14-Jul-20200.0838
 07-Jul-20200.0370
 25-Feb-20200.0117
 18-Feb-20200.0189
 11-Feb-20200.0551
 04-Feb-20200.0200
 28-Jan-20200.0234
 21-Jan-20200.0113
 14-Jan-20200.0112
 07-Jan-20200.0233
 31-Dec-20190.0110
 24-Dec-20190.0118
 03-Dec-20190.0121
 26-Nov-20190.0293
 19-Nov-20190.0226
 13-Nov-20190.0023
 05-Nov-20190.0256
 30-Oct-20190.0224
 23-Oct-20190.0245
 15-Oct-20190.0199
 09-Oct-20190.0175
 01-Oct-20190.0061
Dividend Monthly13-Jul-20200.1610

 12-Feb-20200.1149
 13-Jan-20200.0790
 12-Dec-20190.0377
 13-Nov-20190.0817
 15-Oct-20190.0537
 14-Oct-20190.0537
 12-Sep-20190.0696
 13-Aug-20190.0704
 12-Jul-20190.0722
 12-Jun-20190.0749
 13-May-20190.0347
 12-Apr-20190.0607
 12-Mar-20190.0473
 12-Feb-20190.0371
 14-Jan-20190.0838
 12-Dec-20180.0736
 12-Nov-20180.0497
 12-Oct-20180.0361
 12-Sep-20180.0039
 13-Aug-20180.0620
 12-Jul-20180.0798
 12-Jun-20180.0128
 14-May-20180.0166
 12-Apr-20180.0733
Dividend Quarterly22-Jun-20200.1766

 20-Mar-20200.0577
 20-Dec-20190.1762
 20-Sep-20190.1870
 20-Jun-20190.1477
 20-Mar-20190.1384
 20-Dec-20180.1486
 21-Sep-20180.1194
 20-Jun-20180.0536
 20-Mar-20180.1018
 20-Dec-20170.0875
 20-Sep-20170.1303
 20-Jun-20170.1968
 20-Mar-20170.0891
 20-Dec-20160.0808

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Attaining financial independence

dateFriday, 14-Aug-2020
time12:30 PM - 01:00 PM